diff --git a/frontend/src/App.tsx b/frontend/src/App.tsx
index d99f9e9..1c3e8c0 100644
--- a/frontend/src/App.tsx
+++ b/frontend/src/App.tsx
@@ -1,21 +1,33 @@
+import { Suspense, lazy } from 'react'
 import { BrowserRouter, Navigate, Route, Routes, useLocation } from 'react-router-dom'
 import { ConfigProvider, App as AntdApp, Spin } from 'antd'
 import zhCN from 'antd/locale/zh_CN'
-import { AuthProvider, useAuth } from './store/auth'
+import { AuthProvider } from './store/auth'
+import { useAuth } from './store/authContext'
 import MainLayout from './layouts/MainLayout'
 import Login from './pages/Login'
-import Dashboard from './pages/Dashboard'
-import OpenApiDocs from './pages/OpenApiDocs'
-import ApiDebugger from './pages/ApiDebugger'
-import Delivery from './pages/Delivery'
-import MerchantCenter from './pages/MerchantCenter'
-import MerchantRecharge from './pages/MerchantRecharge'
-import AlertSettings from './pages/AlertSettings'
-import PlatformMerchants from './pages/PlatformMerchants'
-import PlatformProducts from './pages/PlatformProducts'
-import PlatformUsers from './pages/PlatformUsers'
-import PlatformRock from './pages/PlatformRock'
 import type { ReactNode } from 'react'
+
+// 路由级懒加载：把原先 1.6MB 的首屏单包按页面拆分。
+// Login 与 MainLayout 保持同步加载——它们是未登录用户和登录后首帧的必经路径，
+// 懒加载只会凭空多一次往返。
+const Dashboard = lazy(() => import('./pages/Dashboard'))
+const OpenApiDocs = lazy(() => import('./pages/OpenApiDocs'))
+const ApiDebugger = lazy(() => import('./pages/ApiDebugger'))
+const Delivery = lazy(() => import('./pages/Delivery'))
+const MerchantCenter = lazy(() => import('./pages/MerchantCenter'))
+const MerchantRecharge = lazy(() => import('./pages/MerchantRecharge'))
+const AlertSettings = lazy(() => import('./pages/AlertSettings'))
+const PlatformMerchants = lazy(() => import('./pages/PlatformMerchants'))
+const PlatformProducts = lazy(() => import('./pages/PlatformProducts'))
+const PlatformUsers = lazy(() => import('./pages/PlatformUsers'))
+const PlatformRock = lazy(() => import('./pages/PlatformRock'))
+
+// RouteFallback 是懒加载页面与权限校验的统一占位，避免切换时白屏。
+function RouteFallback() {
+  return <div style={{ textAlign: 'center', padding: '100px 0' }}><Spin size="large" /></div>
+}
+
 function PrivateRoute({ children }: { children: ReactNode }) {
   const { token } = useAuth()
   if (!token) return <Navigate to="/login" replace />
@@ -41,7 +53,7 @@ function MerchantPermissionRoute({ permission, children }: { permission?: string
   const { isAdmin, merchantLoading, merchantPermissions } = useAuth()
   if (isAdmin || !permission) return <>{children}</>
   if (merchantLoading) {
-    return <div style={{ textAlign: 'center', padding: '100px 0' }}><Spin size="large" /></div>
+    return <RouteFallback />
   }
   return merchantPermissions.includes(permission) ? <>{children}</> : <Navigate to="/" replace />
 }
@@ -158,7 +170,9 @@ export default function App() {
       <AntdApp>
         <AuthProvider>
           <BrowserRouter>
-            <AppRoutes />
+            <Suspense fallback={<RouteFallback />}>
+              <AppRoutes />
+            </Suspense>
           </BrowserRouter>
         </AuthProvider>
       </AntdApp>
diff --git a/frontend/src/layouts/MainLayout.tsx b/frontend/src/layouts/MainLayout.tsx
index 3d5cfaa..263296f 100644
--- a/frontend/src/layouts/MainLayout.tsx
+++ b/frontend/src/layouts/MainLayout.tsx
@@ -31,7 +31,7 @@ import {
   UserOutlined,
   WalletOutlined,
 } from '@ant-design/icons'
-import { useAuth } from '../store/auth'
+import { useAuth } from '../store/authContext'
 import { authApi } from '../api'
 import type { MenuProps } from 'antd'
 
@@ -215,8 +215,8 @@ function loadStoredOpenKeys(sections: SidebarSection[], selectedKey: string): st
         return Array.from(new Set([...parsed, ...initial]))
       }
     }
-  } catch (e) {
-    // ignore
+  } catch {
+    // localStorage 内容损坏时回退到默认展开状态
   }
   return initial
 }
diff --git a/frontend/src/pages/Dashboard.tsx b/frontend/src/pages/Dashboard.tsx
index c7fa258..4168b81 100644
--- a/frontend/src/pages/Dashboard.tsx
+++ b/frontend/src/pages/Dashboard.tsx
@@ -19,7 +19,7 @@ import { useNavigate } from 'react-router-dom'
 import { dashboardApi } from '../api'
 import type { DashboardStats } from '../types'
 import { PageHeader } from '../components/PageHeader'
-import { useAuth } from '../store/auth'
+import { useAuth } from '../store/authContext'
 
 const numberText = (value?: number) => (value ?? 0).toLocaleString('zh-CN')
 
diff --git a/frontend/src/pages/Login.tsx b/frontend/src/pages/Login.tsx
index 58ab176..da2815e 100644
--- a/frontend/src/pages/Login.tsx
+++ b/frontend/src/pages/Login.tsx
@@ -2,7 +2,7 @@ import { useState } from 'react'
 import { useNavigate } from 'react-router-dom'
 import { Form, Input, Button, Typography, message, Space } from 'antd'
 import { UserOutlined, LockOutlined, RightOutlined } from '@ant-design/icons'
-import { useAuth } from '../store/auth'
+import { useAuth } from '../store/authContext'
 
 export default function Login() {
   const { login } = useAuth()
diff --git a/frontend/src/pages/MerchantCenter.tsx b/frontend/src/pages/MerchantCenter.tsx
index ce00022..0b4b04e 100644
--- a/frontend/src/pages/MerchantCenter.tsx
+++ b/frontend/src/pages/MerchantCenter.tsx
@@ -13,7 +13,7 @@ import {
   message,
 } from 'antd'
 import { ReloadOutlined } from '@ant-design/icons'
-import { useAuth } from '../store/auth'
+import { useAuth } from '../store/authContext'
 import { merchantApi } from '../api'
 import { PageHeader } from '../components/PageHeader'
 import type {
diff --git a/frontend/src/pages/MerchantRecharge.tsx b/frontend/src/pages/MerchantRecharge.tsx
index b9681ca..8047ca5 100644
--- a/frontend/src/pages/MerchantRecharge.tsx
+++ b/frontend/src/pages/MerchantRecharge.tsx
@@ -28,7 +28,7 @@ import type { ColumnsType } from 'antd/es/table'
 import { PageHeader } from '../components/PageHeader'
 import ImageUploader from '../components/ImageUploader'
 import { merchantApi, platformApi } from '../api'
-import { useAuth } from '../store/auth'
+import { useAuth } from '../store/authContext'
 import type { PageResult, RechargeApplication } from '../types'
 import { formatDateTime } from '../utils/time'
 
diff --git a/frontend/src/pages/PlatformUsers.tsx b/frontend/src/pages/PlatformUsers.tsx
index defd1d5..785d38e 100644
--- a/frontend/src/pages/PlatformUsers.tsx
+++ b/frontend/src/pages/PlatformUsers.tsx
@@ -6,7 +6,7 @@ import { platformApi, userApi } from '../api'
 import { PageHeader } from '../components/PageHeader'
 import type { MerchantMember, MerchantMemberGroup, PageResult, User } from '../types'
 import { formatDateTime } from '../utils/time'
-import { useAuth } from '../store/auth'
+import { useAuth } from '../store/authContext'
 import { roleText } from './merchantCenterUtils'
 import { useNavigate } from 'react-router-dom'
 
@@ -62,11 +62,11 @@ export default function PlatformUsers() {
     setModalOpen(true)
   }
 
-  const openEdit = (record: User) => {
+  const openEdit = useCallback((record: User) => {
     setEditingAdmin(record)
     form.setFieldsValue({ username: record.username, nickname: record.nickname, password: '', status: record.status === 1 })
     setModalOpen(true)
-  }
+  }, [form])
 
   const submit = async () => {
     const values = await form.validateFields()
@@ -94,7 +94,7 @@ export default function PlatformUsers() {
     }
   }
 
-  const remove = async (record: User) => {
+  const remove = useCallback(async (record: User) => {
     try {
       await userApi.remove(record.id)
       message.success('平台管理员已删除')
@@ -102,9 +102,9 @@ export default function PlatformUsers() {
     } catch (e) {
       message.error(e instanceof Error ? e.message : '删除失败')
     }
-  }
+  }, [loadAdmins])
 
-  const removeMerchantAccount = async (record: MerchantMember) => {
+  const removeMerchantAccount = useCallback(async (record: MerchantMember) => {
     try {
       await platformApi.deleteMerchantAccount(record.user_id)
       message.success('商户账号已删除')
@@ -112,9 +112,9 @@ export default function PlatformUsers() {
     } catch (e) {
       message.error(e instanceof Error ? e.message : '删除失败')
     }
-  }
+  }, [loadMerchantAccounts])
 
-  const columns: ColumnsType<User> = [
+  const columns: ColumnsType<User> = useMemo(() => [
     { title: '用户名', dataIndex: 'username', width: 260, render: (value) => <Typography.Text strong>{value}</Typography.Text> },
     { title: '昵称', dataIndex: 'nickname', width: 220, render: (value) => value || '-' },
     { title: '状态', dataIndex: 'status', width: 120, render: (value) => value === 1 ? <Tag color="green">启用</Tag> : <Tag>停用</Tag> },
@@ -131,9 +131,9 @@ export default function PlatformUsers() {
         </Space>
       ),
     },
-  ]
+  ], [currentUser?.id, openEdit, remove])
 
-  const memberColumns: ColumnsType<MerchantMember> = [
+  const memberColumns: ColumnsType<MerchantMember> = useMemo(() => [
     { title: '员工账号', dataIndex: ['user', 'username'], width: 260, render: (_, record) => <Typography.Text strong>{record.user?.username || `#${record.user_id}`}</Typography.Text> },
     { title: '昵称', dataIndex: ['user', 'nickname'], width: 220, render: (_, record) => record.user?.nickname || '-' },
     { title: '商户角色', dataIndex: 'role', width: 160, render: (role) => <Tag color="blue">{roleText(role)}</Tag> },
@@ -150,9 +150,9 @@ export default function PlatformUsers() {
         <Button type="link" danger size="small" icon={<DeleteOutlined />}>删除账号</Button>
       </Popconfirm>,
     },
-  ]
+  ], [removeMerchantAccount])
 
-  const merchantColumns: ColumnsType<MerchantMemberGroup> = [
+  const merchantColumns: ColumnsType<MerchantMemberGroup> = useMemo(() => [
     {
       title: '商户',
       width: 320,
@@ -174,7 +174,7 @@ export default function PlatformUsers() {
         navigate('/merchant-members')
       }}>管理商户成员</Button>,
     },
-  ]
+  ], [navigate])
 
   const items = useMemo(() => [
     {
diff --git a/frontend/src/store/auth.tsx b/frontend/src/store/auth.tsx
index 17aa8b8..025c604 100644
--- a/frontend/src/store/auth.tsx
+++ b/frontend/src/store/auth.tsx
@@ -1,7 +1,5 @@
 import {
-  createContext,
   useCallback,
-  useContext,
   useEffect,
   useMemo,
   useState,
@@ -9,22 +7,7 @@ import {
 } from 'react'
 import type { Merchant, User } from '../types'
 import { authApi, merchantApi } from '../api'
-
-interface AuthState {
-  token: string | null
-  user: User | null
-  login: (username: string, password: string) => Promise<void>
-  logout: () => void
-  refreshProfile: () => Promise<void>
-  merchant: Merchant | null
-  merchantRole: string | null
-  merchantPermissions: string[]
-  merchantLoading: boolean
-  refreshMerchantContext: () => Promise<void>
-  isAdmin: boolean
-}
-
-const AuthContext = createContext<AuthState | null>(null)
+import { AuthContext } from './authContext'
 
 function loadUser(): User | null {
   try {
@@ -122,9 +105,3 @@ export function AuthProvider({ children }: { children: ReactNode }) {
 
   return <AuthContext.Provider value={value}>{children}</AuthContext.Provider>
 }
-
-export function useAuth() {
-  const ctx = useContext(AuthContext)
-  if (!ctx) throw new Error('useAuth must be used within AuthProvider')
-  return ctx
-}
diff --git a/frontend/src/store/authContext.ts b/frontend/src/store/authContext.ts
new file mode 100644
index 0000000..216f197
--- /dev/null
+++ b/frontend/src/store/authContext.ts
@@ -0,0 +1,26 @@
+import { createContext, useContext } from 'react'
+import type { Merchant, User } from '../types'
+
+export interface AuthState {
+  token: string | null
+  user: User | null
+  login: (username: string, password: string) => Promise<void>
+  logout: () => void
+  refreshProfile: () => Promise<void>
+  merchant: Merchant | null
+  merchantRole: string | null
+  merchantPermissions: string[]
+  merchantLoading: boolean
+  refreshMerchantContext: () => Promise<void>
+  isAdmin: boolean
+}
+
+// Context 与 useAuth 单独放在本文件：auth.tsx 因此只导出 AuthProvider 组件，
+// 否则 react(only-export-components) 会让该模块的 HMR 退化成整页刷新。
+export const AuthContext = createContext<AuthState | null>(null)
+
+export function useAuth() {
+  const ctx = useContext(AuthContext)
+  if (!ctx) throw new Error('useAuth must be used within AuthProvider')
+  return ctx
+}